Infrastrutture Wireless Italiane SpA (FRA:WI8) EBIT : €455.2 Mil (TTM As of Mar. 2024)

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What is Infrastrutture Wireless Italiane SpA EBIT?

Infrastrutture Wireless Italiane SpA's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was €125.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was €455.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Infrastrutture Wireless Italiane SpA's annualized ROC % for the quarter that ended in Mar. 2024 was 4.86%. Infrastrutture Wireless Italiane SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 21.92%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Infrastrutture Wireless Italiane SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 3.33%.

Infrastrutture Wireless Italiane SpA EBIT Historical Data

The historical data trend for Infrastrutture Wireless Italiane SpA's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Infrastrutture Wireless Italiane SpA EBIT Chart

Infrastrutture Wireless Italiane SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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216.15

265.62

299.20

368.68

459.34

Infrastrutture Wireless Italiane SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															110.12	111.13	128.52	90.50	125.05

Competitive Comparison of Infrastrutture Wireless Italiane SpA's EBIT

For the Real Estate Services subindustry, Infrastrutture Wireless Italiane SpA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Infrastrutture Wireless Italiane SpA's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Infrastrutture Wireless Italiane SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Infrastrutture Wireless Italiane SpA's EV-to-EBIT falls into.

Infrastrutture Wireless Italiane SpA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €455.2 Mil.

Infrastrutture Wireless Italiane SpA (FRA:WI8) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Infrastrutture Wireless Italiane SpA's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	555.204 * ( 1 - 16.7% )	/	( (9532.704	+	9500.462)	/ 2 )
=	462.484932	/	9516.583
=	4.86 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9350.657	-	245.581	-	( 95.078	-	max(0, 703.38	-	275.752	+	95.078	))
=	9532.704

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	9349.867	-	222.472	-	( 44.779	-	max(0, 630.692	-	257.625	+	44.779	))
=	9500.462

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Infrastrutture Wireless Italiane SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	500.184	/	( ( (2258.886 + max(-151.156, 0))	+	(2303.876 + max(-106.916, 0)) )	/	2 )
=	500.184	/	( ( 2258.886	+	2303.876 )	/	2 )
=	500.184	/	2281.381
=	21.92 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(100.964	+	0	+	3.488)	-	(245.581	+	0	+	10.027)
=	-151.156

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(129.635	+	0	+	6.684)	-	(222.472	+	0	+	20.763)
=	-106.916

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Infrastrutture Wireless Italiane SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	455.197	/	13664.188
	=	3.33 %

Infrastrutture Wireless Italiane SpA EBIT Related Terms

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Infrastrutture Wireless Italiane SpA (FRA:WI8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Infrastrutture Wireless Italiane SpA (FRA:WI8) » Definitions » EBIT

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Traded in Other Exchanges

IFSUF:USA INW:Italy INWm:UK 0R8S:UK

Address

Via Gaetano Negri, 1, Milan, ITA, 20121

Website

https://www.inwit.it

Inwit is an Italian wireless tower company born from the spinoff of Telecom Italia's tower assets in 2015. In 2020, Inwit merged its tower assets with those of Vodafone Italia, creating a tower leader in the Italian market with a high-quality portfolio derived from the networks created by Telecom Italia and Vodafone over the past two decades. Inwit owns 23,000 towers, having the highest tenancy ratio and EBITDA margin among the European tower firms. Cellnex is Inwit's main competitor in Italy, owning a similar number of towers.

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